A Lot of Touting for Nuvilex, Inc. (OTCMKTS:NVLX)
Nuvilex, Inc. (OTCMKTS:NVLX) is one of those stocks that is constantly being touted, with hundreds of emails sent out in the past months. Yesterday we saw a new round of pump emails and the touting is still heated up today. That of course doesn’t mean that the ticker has changed direction.
Looking at NVLX’s chart, investing in the company stock wouldn’t be your first thought. Even when the price is climbing it does so with several big surges and if you weren’t smart enough to get out in time your investment will quickly turn into a loss.
The constant promotional campaigns, lasting two to three days have absolutely no effect on the price and most of NVLX’s sessions end up in the red. That is exactly what the current situation looks like.
The most recent promotion that started yesterday was headed by the Raven Consulting Corp. group, who received a $13 thousand compensation for their effort. This of course had no effect on neither the price of NVLX, nor the volume.
Yesterday NVLX had another slip and even though the stock’s percentile movements are small the general direction is set. The ticker dropped another 1.48% and closed the session priced at $0.1134 per share. We saw 1.39 million shares switching hands, that helped generate a mere $159 thousand in dollar volume due to the low price.
As we mentioned above, the chart of NVLX isn’t looking good at first sight. If you have the nerve of watching your investment slowly loose its value in anticipation for a peak in which to dump your stock, however, you might have found it right here.
In all cases be sure to do your due diligence and weigh out the risks for yourself. Also, prepare for a test of your nerves and if you don’t think that you can make it you would probably be better off with another pick.
On the other hand Globalstar, Inc. (OTCMKTS:GSAT) remains to have one of the highest dollar volumes in pennyland and managed to move 4.96% up in price in the last session. Yesterday’s session was not so rosy for SK3 Group, Inc. (OTCMKTS:SKTO), however, as they lost 12% in value.
